Kingsbridge housing development launched in Barking
Barking and Dagenham have unveiled another exciting new housing development after Kingsbridge Terraces became the latest affordable housing scheme on offer to local people in the borough.
Following the successful launch of the Leys last week with 105 affordable homes available, Kingsbridge Terraces offers a stunning new expansion.
For people looking to save money, shared ownership is available on 27 new maisonettes and houses within a major regeneration area close to Barking town centre.
There is an outstanding collection of three bedroom contemporary town houses and two and three bedroom maisonettes.
All of the properties have been designed to be at least dual aspect (openable windows on two or more walls, allowing for views in more than just one direction) and have private front and back gardens or terraces as well as their own individual entrances.
For first time buyers including couples or young families, they now have the chance to buy a share of their property and pay rent on the remaining if they cannot afford the mortgage on 100 per cent of a home.
The estimated monthly rent for a brand new two bedroom maisonette at Kingsbridge is £550 with a minimum share value of £80,000 for 25% of the property.
This new development is designed to help local people in Barking and Dagenham buy their own home with a mortgage deposit from only £4000.
Kingsbridge Terraces occupies a location at the southern edge of the Gascoigne Estate that will be complemented by a network of new landscaped public squares and residential gardens.
We are determined to give our residents a range of different housing options
The development is only a short walk from Barking town centre and is conveniently close to Barking station which is on both the Hammersmith & City and District tube lines as well as the C2C rail service from Southend and Shoeburyness into London Fenchurch Street.
Councillor Cameron Geddes, Cabinet Member for Social Housing and Regeneration said: “The housing climate is not getting any easier for people to buy properties throughout London, but we are determined to give our residents a range of different housing options.
“Kingsbridge Terraces is yet another example of our borough-wide offer to provide homes of all tenures to meet everyone’s needs.”
Dubravka Polic, Senior Development Manager at Be First, said: “This development will provide an affordable opportunity for local people to find a home. They are just the first of thousands we will be delivering over the next few years.”
To register your interest please contact the Currell Shared Ownership team on 0207 704 5618 or email email@example.com